Inflation

Illustration of Banco de México setting interest rates at 6.50%, showing financial charts and the end of rate cuts.

Banxico ends rate cut cycle and sets rate at 6.50%

May 07, 2026 Ti AI ṣe iroyin Àwòrán tí AI ṣe

Banco de México cut its interest rate by 25 basis points to 6.50 percent, ending a cycle of reductions that began in March 2024. The move followed April inflation slowing to 4.45 percent annually. Two board members voted against the decision.

César Giraldo says rate hikes will not curb inflation

Banco de la República codirector César Giraldo said raising interest rates is no longer effective against current inflation, which is driven by external factors like oil and weather.

Annual inflation in Colombia rises to 5.68% in April

May 08, 2026 Ti AI ṣe iroyin

Dane reported the consumer price index recorded an annual variation of 5.68% in April, above March's 5.56%.

Áfríkà

South African fuel prices to rise sharply from Wednesday

Asia

Indonesia's April 2026 inflation controlled at 2.42 percent, government and BPS say

Iṣowo

Gold prices eye 2% weekly drop amid West Asia conflict and oil surge

Japan food prices set to rise from war-driven plastic packaging costs

Prolonged disruption to energy flows via the Strait of Hormuz has reduced naphtha availability, a key ingredient for plastic packaging. This is set to drive up food prices in Japan. The Japan Times reports.

ECB keeps deposit rate at 2.0 percent despite rising inflation

April 30, 2026 Ti AI ṣe iroyin

The European Central Bank (ECB) has kept its Eurozone deposit rate at 2.0 percent. Despite sharply rising prices and heightened inflation expectations, the ECB refrained from a rate hike. Investors now anticipate moves from June onward.

Inflation raises Mexico's food basket cost 67% in eight years

An analysis by ITESO's Business School shows Mexico's food basket cost rose 67% from August 2018 to March 2026, outpacing general inflation of 45%. In urban areas, it increased from 1,500 to 2,571 pesos per person monthly. This hike particularly impacts low-income households.

Four in ten Argentines seek second job to make ends meet

April 24, 2026 Ti AI ṣe iroyin

A report from consultancy firm Delfos shows that 43% of surveyed Argentines are seeking a second job because their current income does not cover basic expenses. The phenomenon mainly affects those aged 16 to 49 and also retirees. The national survey, conducted from April 10 to 14, 2026, on 3,120 cases, underscores economic vulnerability in the country.

May 07, 2026 07:14